Dear Statalisters,
this is a follow-up of a question I asked one week ago.
I want to estimate a system of equations with panel data, where there are several interrelationships between the variables.
(1) Y_it = a + bY_it-1 + cB_it + dC_it + eD_it + fE_it + error
(2) B_it = gY_it + hC_it + iF_it + error
(3) D_it = jB_it + kG_it + lH_it +error
(4) E_it = mB_it + nJ_it + error
It was suggested that I may try gllamm, but then encountered that the sureg command for seemingly unrelated regression can be used with panel data in wide format.
Thus, I wondered why no one recommended to use sureg. Is it not suited for a model structure like the one stated above?
Thanks for any suggestions!
Best, Jan
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